Biggest losers in cryptocurrency market: top 10 coins that crashed in November

01.12.2025    18:00

The most illustrative list of the “worst” is compiled by Pintu News – “10 Altcoins that Crashed During the Month of November 2025.” According to the publication, a number of tokens lost between 58% and more than 97% of their value in 30 days (as of November 23).

Top 10 declines in November 2025 according to Pintu

1. LooksRare (LOOKS) – NFT marketplace

- approximately −79% for the month

- decline in NFT trading volumes (down 41% since Q3 according to Cryptoslam), 30% decrease in staking, and liquidity outflow.

2. Fwog (FWOG) – Solana meme token

- approximately −69% over 30 days

- profit-taking by large holders after a sharp rally, high volatility.

3. Perpetual Protocol (PERP) – DeFi derivatives

- approximately −67%

- a drop in DeFi derivatives trading volumes by more than 28%, a decrease in open interest by approximately 35%, competition with dYdX and GMX.

4. Clearpool (CPOOL) – on-chain lending for institutions

- approximately −61%

- decline in demand for unsecured loans, increase in credit risks, and outflow of liquidity from pools by almost 45%.

5. Synthetix (SNX) – synthetic assets and perpetuals

- −60% over the month

- a reduction in trading activity on Synthetix Perps by almost 38%, a 27% drop in protocol revenue, and the exit of market makers.

6. Story Protocol (IP) – intellectual property tokenization

- approximately −58.5%

- cooling hype around Web3-IP, a drop in content token issuance activity by approximately 50%.

7. Metaplex (MPLX) – NFT infrastructure on Solana

- approximately −58%

- a drop in NFT volumes on Solana by approximately 32%, controversial tokenomics, and discussions about commissions increased pressure on the token.

8. Jito (JTO) – liquid staking on Solana

- approximately −58%

- decline in staking yields (from ~8.1% to ~6.4% per annum), increased competition from other LST protocols.

9. Drift (DRIFT) – derivative DEX on Solana

- approximately −57%

- reduction in the volume of derivatives on Solana by approximately 35%, liquidation of leveraged positions.

10. Pixelverse (PIXFI) – Web3 game

- approximately −97% over the month

- a collapse in in-game transactions by more than 90% and the failure to update the roadmap effectively destroyed the project's capitalization.

Pintu's overall conclusion: the vast majority of altcoins lost more than 50% in 30 days in November, and the risks in the illiquid and micro-cap project segment have risen sharply.

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